Monero is one of the rare cryptocurrencies in the market cap top 50 that ended up posting week-over-week price losses as it underperformed the surging crypto market Fundamentals and past price performance Monero has lacked initiative in terms of upwards price action in the last week as the market finally bounced back up. However, not all is lost for XMR, as its price is seemingly creating a solid technical formation on the daily chart. When it comes to its fundamentals, nothing major (or… Source link
Read More »Binance Coin, Monero, Algorand Price Analysis: 07 March
Binance Coin targeted a rise above the $240 resistance on the back of bullish indicators. Monero battled to retake the 38.2% Fibonacci level from the bears. Finally, ALGO’s latest attempt to break above $1.19 resistance was boosted by healthy capital inflows. Binance Coin [BNB] Source: BNB/USD, TradingView The last 24 hours saw Binance Coin rise by 4% as the price attempted to flip a key resistance level at $240. The indicators flashed a bullish signal at the time of writing and suggested… Source link
Read More »Monero, Ontology, Crypto.com Coin Price Analysis: 06 March
Monero struggled to maintain a level above its $225.5-resistance since the bears were asserting their control on the market. Ontology flipped a key resistance line at $1.05, but looked unlikely to hold on to the aforementioned in the next few trading sessions. Finally, CRO projected rangebound movement as volatility remained on the lower side. Monero [XMR] Source: XMR/USD, TradingView Despite several attempts, Monero’s bulls have been unable to rise above the coveted resistance of $225.5,… Source link
Read More »Monero, Ontology, Crypto.com Coin Price Analysis: 06 March
Monero struggled to maintain a level above its $225.5-resistance since the bears were asserting their control on the market. Ontology flipped a key resistance line at $1.05, but looked unlikely to hold on to the aforementioned in the next few trading sessions. Finally, CRO projected rangebound movement as volatility remained on the lower side. Monero [XMR] Source: XMR/USD, TradingView Despite several attempts, Monero’s bulls have been unable to rise above the coveted resistance of $225.5,… Source link
Read More »Monero, Aave, Nano Price Analysis: 04 March
Bitcoin‘s market bulls were defending the $49k-mark valiantly as they attempted to push higher on the charts once more. Monero and Aave formed triangle patterns and were likely to see a breakout soon, while Nano could see a dip to $5. Monero [XMR] Source: XMR/USDT on TradingView Monero formed an ascending triangle pattern on the 4-hour chart, and trading volume has also been falling over the same time period as market participants waited for a strong move. This is a bullish pattern that… Source link
Read More »Cypherpunk Holdings Inc. Announces Corporate Update on Strategy and Current Investments
Purchase of Monero Tokens and Depositing of Bitcoin to Generate Operating Income Toronto, Ontario–(Newsfile Corp. – March 3, 2021) – Cypherpunk Holdings Inc. (CSE: HODL) (“Cypherpunk” or the “Company“), a sector leader for privacy-technology investments, is pleased to provide a corporate update summarizing the Company’s current corporate plans and completed investments. Cypherpunk Holdings is pleased to announce a purchase of 1,780 Monero tokens for CAD $500,000. This purchase of Monero… Source link
Read More »Monero, BAT, Dash Price Analysis: 02 March
Monero, one of the market’s leading privacy coins, rose above its horizontal channel but awaited confirmation of a breakout over the next few sessions. BAT’s on-chain metrics backed a favorable outcome, but a key test awaited its bulls at the $0.59-resistance. Finally, Dash moved north of its $23.6 fib retracement level, but a hike above the 38.2%-level looked doubtful. Monero [XMR] Source: XMR/USD, TradingView Monero broke above its horizontal channel on the 4-hour chart on the back of… Source link
Read More »Monero, Algorand, Compound Price Analysis: 01 March
Monero formed a bullish pattern on the hourly chart and could see a breakout past $220. Algorand reclaimed the $1 mark as support and pushed toward $1.15, and Compound halted its slide from $540 in mid-February to $337 and was making a recovery toward the $450 mark. Monero [XMR] Source: XMR/USDT on TradingView XMR formed an ascending triangle on the 4-hour chart, following its near 35% drop from the highs of $282 to $180. The fractals show that $220 is the short-term target for the bulls to… Source link
Read More »Litecoin, Monero, Dash Price Analysis: 28 February
Litecoin witnessed a downwards breakout from a parallel channel and moved to its support at $156.75. Monero was projected to move sideways as trading volumes and buying activity was suppressed. Lastly, a descending triangle emerged on Dash’s chart but a breakout largely depended on the direction of the broader market. Litecoin [LTC] Source: LTC/USD, TradingView On the hourly timeframe, Litecoin broke below its parallel channel and moved to another region of support at $157.5. The On… Source link
Read More »Monero, Ontology, Synthetix Price Analysis: 26 February
Monero was treading water around the $200-level, with the crypto likely to give way to a wave of selling pressure. Ontology fell under multiple levels of former support over the last few days and could break past one or two more. Finally, Synthetix saw a region of demand flipped to one of supply. Monero [XMR] Source: XMR/USDT on TradingView The RSI fell below 50 and tested it as resistance on the hourly chart after XMR’s bulls attempted to keep the price above $200. This could be an… Source link
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